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Monday, December 13, 2010

Punjab & Sind Bank IPO would open for subscription from Monday, December 13, 2010. Punjab & Sind Bank is the only state-owned bank that is not yet listed. Punjab & Sind Bank IPO would consist of 40,000,000 Equity Shares of Rs.10/- each.

Enam Securities Pvt. Ltd., ICICI Securities Ltd., SBI Capital Markets Ltd. are the Book Running Lead Managers to the Issue whereas Link Intime India Pvt. Ltd. is the Registrar

The Red Herring Prospectus for Punjab & Sind Bank IPO can be downloaded from here

Credit Rating Agency CARE has assigned an IPO Grade 4/5 to the proposed IPO of Punjab & Sind Bank IPO. The IPO Grade so assigned indicates Above Average fundamentals of Punjab & Sind Bank. CARE assigns IPO grades on a scale of IPO Grade 5 to IPO Grade 1, with IPO Grade 5 indicating strong fundamentals and IPO Grade 1 indicating poor fundamentals. Click here to download the Punjab & Sind Bank IPO Grading Document

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